Friday, September 13, 2013

Producer Prices Rose 0.3% in August

Producer prices rose 0.3% in August, following no change from the previous month. Energy and food prices rose while core goods sharply declined. Producer prices are now 1.4% above year ago levels, the slowest growth seen in 4 months.

The price for core goods was unchanged in August from July’s reading. Lower prices for vehicles offset gains in other categories. Intermediate goods grew a modest 0.2%, not fully offsetting the 0.3% loss from the previous month. Prices were mixed for intermediate goods, with the energy index rising 0.6% and the intermediate food index sharply declining 2.3%.

Crude prices dropped 0.4% and 4.6% from year ago levels.

Read the BLS report.

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